Japan's overall consumer inflation rose 2.6% from a year earlier in July, exceeding the Bank of Japan's 2% target for four straight months, government data showed Friday.
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TOKYO — Japan’s overall consumer inflation rose 2.6% from a year earlier in July, exceeding the Bank of Japan’s 2% target for four straight months, government data showed Friday.
The figure compares with a 2.4% on-year increase in June.
Despite growing inflation, the BOJ has said it would continue its ultra-easy monetary policy because the increase is due mainly to temporary factors, including higher energy and raw material prices.
Consumer prices excluding fresh food and energy prices rose 1.2% from a year earlier in July.
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